Debt

President Barack Obama speaks in Philadelphia. Even if quarreling lawmakers can somehow agree soon, it is doubtful that Congress can write it up in binding fashion and pass it before an Aug. 2 deadline that the Treasury Department reconfirmed Friday is the day it will start running short of money to pay bills.
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( (AP Photo/Matt Rourke, File) )

President Barack Obama speaks in Philadelphia. Even if quarreling lawmakers can somehow agree soon, it is doubtful that Congress can write it up in binding fashion and pass it before an Aug. 2 deadline that the Treasury Department reconfirmed Friday is the day it will start running short of money to pay bills.

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